Methodhub Software Ltd

📊 Methodhub Software Ltd IPO Funds Utilization Update – All Proceeds Used as Planned

- IPO raised ₹102.49 crores (₹87.50 Cr fresh issue + ₹14.99 Cr offer for sale).

- Net proceeds after expenses: ₹87.49 crores.

- Key fund allocations:

- ₹13.6 Cr for loan repayment

- ₹11.22 Cr for working capital

- ₹4 Cr invested in subsidiary MethodHub Consulting Inc. (USA)

- ₹12.67 Cr reserved for inorganic acquisitions & GCP.

- Audit committee & auditors confirmed no deviations in fund usage.

- Monitoring agency: Brickwork Ratings India Private Limited.

- Statement issued on May 26, 2026.